Bina Puri in talks with Exim Bank to restructure loan

Bina Puri said the restructuring would be finalised by the end of this month.

PETALING JAYA: Bina Puri Holdings Bhd has defaulted on its loan repayment to Export-Import Bank of Malaysia Bhd (Exim Bank) which is denominated in US dollars with a principal sum of US$7.65mil and an initial interest rate of 4%.

In a filing with Bursa Malaysia, Bina Puri said it repaid a total of US$5.1mil, which included US$2.35mil in interest.